Capital Fund Receives Funding Award from OFN and HSBC Bank
The Good to Grow CDFI Investment Fund (G2G Fund), a joint venture of the Opportunity Finance Network (OFN) and HSBC Bank, has awarded Capital Fund with a 10-year, $500,000 investment to support its direct loan program. The G2G Fund provides long-term, equity equivalent investments to Community Development Financing Institutions (CDFIs), such as Capital Fund, that finance community development projects, including health center facilities.
The award will enable Capital Fund to increase its capacity to offer affordable loans to Federally Qualified Health Centers across the US for construction, renovation, and expansion of health center facilities and related equipment.
To learn more about the Good to Grow Fund, click here.